Murphy|May 11, 2026 08:17
BRS has been hovering around the zero axis for 23 days! This has surpassed the historical record of all 'bear market rebounds' in the past 3 cycles (the longest was 19 days). Of course, BRS can't stay at the zero axis forever.
However, every additional day it stays here is another step toward a 'bear/bull transition.' If the next time BRS returns to 100 and the corresponding BTC price is higher than the last time, this judgment will be even more solid.
That said, BSS is still around 0.67, which is quite far from the 0.85 threshold for a bull market kickoff. So, it's almost impossible for this to be the starting point of a 'bull comeback.'
One more thing worth mentioning: if we confirm entering the 'bear/bull transition' phase, it doesn't mean prices won't drop anymore—it just means the probability of breaking below the previous low becomes smaller.
Related links:
https://((x.com))/Murphychen888/status/2047662904204468652
https://((x.com))/Murphychen888/status/2012016759143088416
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